Electric Utility Construction Accounting Career Track
Master construction accounting under FERC and RUS standards — from work orders and standard units through advanced scenarios, fixed asset records, and cost allocation. Built for utilities and cooperatives alike.
From work order to fixed asset — and everything in between
Electric construction accounting has more moving parts than most accounting functions — work orders, standard units, overhead rates, capitalization decisions, asset retirement obligations, cost allocation, and ultimately how every dollar flows into the rate base and customer rates.
This track builds complete proficiency across that entire process, starting with the FERC and RUS fundamentals and progressing through the advanced scenarios that every utility eventually encounters. Applicable to investor-owned utilities, public power, and electric cooperatives.
- Work order and project accountants at utilities and co-ops
- Finance staff responsible for recording construction costs
- Controllers and CFOs overseeing construction accounting compliance
- Construction managers working alongside finance teams
- Consultants advising on FERC and RUS accounting
- Auditors of electric utilities and cooperatives
After completing this track you will be able to:
Recommended sequence
Courses 1 and 2 are the core of this track. Courses 3 and 4 complement and extend that foundation.
The foundational course — how to record, allocate, and recover electric construction costs accurately under FERC and RUS standards, from work orders through fixed asset classification.
Go beyond the standard work order — AROs, asset impairments, leases, critical spares, storm damage, jointly-owned plants, and how advanced scenarios affect customer rates.
How to establish and maintain continuing property records — and why the right level of detail in fixed asset records directly affects rate recovery.
Proven methods for allocating support costs across departments and services — improving clarity, building confidence, and making cost allocation discussions easier.
"Working in work order and construction accounting, this track finally clarified how our day-to-day project costs flow through the FERC accounts and into fixed assets and rates. The courses are practical, clearly explained, and directly applicable to how electric utilities actually track and recover construction costs."
National utility accounting and rate expert with deep hands-on experience in FERC and RUS construction accounting, work order systems, and cost recovery for utilities and cooperatives of all sizes.
Frequently asked questions
Utility Accounting and Rates Specialists, LLC is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: NASBAregistry.org.
Master construction accounting from work order to rate base
Earn 7.50 NASBA CPE hours and a Construction Accounting Expert Certificate. Study at your own pace, on any device.
Refunds and cancellations: Requests for refunds must be made in writing within 30 days for purchasing the course. No refunds will be granted after the qualified assessment has been completed. For any concerns, please contact us at 608 628 4020 or at russ.hissom@utilityeducation.com.